Friday, September 6, 2013

U.S. Weekly Petroleum Report August 2013

U.S. crude oil refinery inputs averaged about 15.9 million barrels per day during the week ending August 30, 2013, 162 thousand barrels per day above the previous week’s average. Refineries operated at 91.7 percent of their operable capacity last week. Gasoline production decreased last week, averaging 9.1 million barrels per day. Distillate fuel production increased last week, averaging about 5.0 million barrels per day.

U.S. Refinery Activity 30-08-13

U.S. crude oil imports averaged about 8.3 million barrels per day last week, down by 119 thousand barrels per day from the previous week.Over the last four weeks, crude oil imports averaged over 8.1 million barrels per day. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 430 thousand barrels per day. Distillate fuel imports averaged 89 thousandbarrels per day last week.

U.S. Net Oil Imports 30-08-13

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.8 million barrels from the previous week. At 360.2 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year. Total motor gasoline inventories decreased by 1.8 million barrels last week and are in the upper half of the average range. Finished gasoline inventories decreased while blending components inventories increased last week.

U.S. Stocks 30-08-13

Distillate fuel inventories increased by 0.5 million barrels last week and are near the lower limit of the average range for this time of year. Propane/propylene inventories increased by 2.5 million barrels last weekand are in the middle of the average range. Total commercial petroleum inventories increased by 1.8 million barrels last week.

Total products supplied over the last four-week period averaged 19.2 million barrels per day, down by 0.1 percent from the same period last year. Over the last four weeks, motor gasoline product supplied averagedabout 9.1 million barrels per day, down by 0.3 percent from the same period last year. Distillate fuel product supplied averaged 3.7 million barrels per day over the last four weeks, up by 6.9 percent from the same period last year. Jet fuel product supplied is 8.5 percent higher over the last four weeks compared to the same four-week period last year.

U.S. Products Supplied 30-08-13

WTI was $107.58 per barrel on August 30, 2013, $1.50 more than last week’s price and $11.51 above a year ago. The spot price for conventional gasoline in the New York Harbor was $2.992 per gallon, $0.008 under last week’s price and $0.141 under a year ago. The spot price for ultralow sulfur diesel fuel in the New York Harbor was $3.135 per gallon, $0.032 more than last week’s price but $0.189 less than a year ago.

U.S. Fuel Prices 30-08-13

The national average retail regular gasoline price increased to $3.608 per gallon on September 2, 2013, $0.056 per gallon over last week but $0.235 below a year ago. The national average retail diesel fuel price increased to $3.981 per gallon, $0.068 per gallon more than last week but $0.146 under a year ago.